Asia Index Private Limited launches S&P BSE SENSEX Next 50 Index
The Index is designed to measure the performance of the 50 largest and most liquid companies within the S&P BSE LargeMidCap Index and not under the ambit of the S&P BSE SENSEX 50 Index.
Alka Banerjee, CEO, Asia Index Private Limited, said, “The S&P BSE SENSEX Next 50 Index is an extension of the S&P BSE SENSEX 50 Index. Given the ever increasing demand from institutional and retail investors, we have launched this objective, rule-based and transparent index that is suitable to underlie ETFs or Index Funds.”
The index includes the 50 largest companies after the constituents of S&P BSE SENSEX 50 index. Constituents of index are weighted by float adjusted market capitalization. The index goes under periodic review semi-annually in June and December.
“We have always endeavored to provide investors the appropriate set of tools to make the most of the Indian equity market. Aligned to investor appetite of measuring market movements in a diversified manner, we are excited to announce the launch of this global standard Index,” said Ashishkumar Chauhan, MD & CEO, BSE Ltd.
The index is calculated in INR and USD for both Price Returns as well as Total Returns versions.
The first value date of this Index goes back to December 16, 2005.
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